Fermentation Ingredients Market Insights: Growth, Key Players, Demand, and Forecast 2030
Fermentation Ingredients Market Overview
The MRFR reports suggest that the global fermentation
ingredients market will exhibit a healthy CAGR of over 5.12% during the review
timeframe. The report further states that the market is anticipated to attain a
size of over USD 90.56 billion by 2030.
The global fermentation
ingredients market outlook has witnessed massive growth in recent times.
The market's growth is primarily driven by the growing application of
fermentation ingredients by the food and beverage industry. Furthermore,
factors such as the growing chemical and pharmaceutical industries and the
increasing application of fermentation ingredients in personal care products
are likely to catalyze the market's growth over the review timeframe. Moreover,
the growing production of corn, tapioca, beet, and sugar cane is also projected
to boost the market's growth.
Competitive Analysis
The global fermentation ingredients market has an intensely
competitive landscape with worldwide players. The players in the market are
making heavy investments in R&D activities to launch new products to the
market. The leading global fermentation ingredients market players include Dow
Chemical Co, Uquifa, Evonik Industries AG, Incorporated, E.I. du Pont de
Nemours & Co., Novozymes A/S Cargill Archer-Daniels-Midland Co., and
several others.
Segment Analysis
The global fermentation ingredients market outlook has been
fragmented into numerous segments based on feedstock, application, form, type,
and region.
Based on type, the global market for fermentation
ingredients is divided into industrial enzymes, antibiotics and vitamins,
alcohol, organic acids, polymers, amino acids, and others.
By end-users, the fermentation ingredients market is split
into pharmaceutical, bakery and confectionary, wineries and spirits, animal
feed, dairy, breweries, and more.
Based on form, the global market for fermentation
ingredients is divided into dry, liquid, and other categories.
Based on application, the fermentation ingredients market
has been fragmented into pharmaceutical, chemical, food & beverage, animal
feed, and other segments.
The market is split into corn, sugar beet, wheat, and others
based on feedstock.
Regional Analysis
The global fermentation
ingredients market insights is studied across four major regions: Americas,
Europe, Asia-Pacific, and the Rest-of-the-World (RoW).
As per the reports by MRFR, the American region is
anticipated to lead the global fermentation ingredients market over the
forecasted era. The regional market's growth is primarily being driven by the
growing demand for fermentation ingredients for the F&B sector. The U.S.
market is projected to record the highest CAGR of over 6.12%, given the
increasing demand for fermentation ingredients and the availability of
resources. Furthermore, the growing adoption by pharmaceutical and chemical
companies is also projected to play a vital role in the regional market's
growth.
The MRFR report states that the European regional market
contributes over 22.78% across the global fermentation ingredients market. The
regional market is projected to acquire a size of over USD 17.08 billion. The
regional market's growth is being driven by the growing pharmaceutical and
chemical industries across the region.
The Asia-Pacific regional market for fermentation
ingredients is anticipated to record the highest growth over the forecast
period. The regional market's growth is being driven by consumer awareness
associated with health and wellness, demand for personal care products and
high-quality food, an increasing population, and rising disposable income of
the middle-class population.
Recent Developments
• January
2022 – Fooditive Group, The Dutch plant-based ingredient manufacturer, focuses
on changing perception towards GMO foods with its innovative ingredients. After
the success of Fooditive Group's upcycled natural sweetener, it has decided to
grow its footprint in the animal-free dairy proteins sector.
• May 2021 –
A leading synthetic biotechnology company, Amyris, Inc., announced an agreement
with Ingredion Incorporated, a prominent global ingredient solutions provider
to the food and beverage industry, for the exclusive licensing of Amyris's
zero-calorie, nature-based, fermented Reb M sweetener.
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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